ESR REIT to buy 8 Tuas South Lane for $95m

It wants to tap on its proximity to the future Tuas Megaport.

ESR-REIT will buy 8 Tuas South Lane from Hyflux Membrane Manufacturing Singapore Pte. Ltd. (Hyflux) for $95m.

According to an announcement, ESR-REIT wants to tap on the property's proximity to the future Tuas Megaport, which is expected to be the largest container terminal globally.

"Logistics, warehouse operators and manufacturers located near the megaport are expected to benefit from faster turnaround time. The transformation of the Tuas area for port development is also expected to increase the attractiveness of the Property to enjoy upside potential," ESR-REIT said.

8 Tuas South Lane has five detached factories, one block of eight-storey warehouse and four blocks of dormitory buildings. It has a gross floor area (GFA) of 72,569 sqm and a remaining land tenure of 20 years.

Hyflux will leaseback a majority of the space for 15 years once the acquisition is completed.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia